Nasdaq made another high (5231.94) and the SP500 rose above its high and closed back below 5/20's record close. Oil has continued to slip with WTI closing at 50.23, gold is also slipping closing at 1094 (and falling) and the U.S. dollar can't make up its mid which way it wants to go closing above 98.
(Reuters) - Wall Street advanced modestly on Monday, with the S&P on track for its seventh gain in eight sessions, as a better-than-expected start to corporate earnings season boosted investor confidence and overshadowed a drop in commodities.
China's Total Gold Holdings Much Higher - Owns Gold In SAFE and CIC
- China revises up its stated gold reserves in bid for IMF membership and reserve currency status
- China announces a 604 tonne increase in gold reserves
- First public disclosure re reserves in since 2009
- China officially owns around 1,660 tonnes of gold reserves - true total figure is likely much larger
- Playing long game - protecting USD reserves and positioning RMB as global reserve currency
- China true gold holdings much higher as also owns gold in SAFE and CIC
China officially revised its gold reserves upward for the first time since 2009 on Friday. The People's Bank of China (PBOC) stated on Friday that it had added 604 tonnes of gold to its official reserves last month.
Gold is no longer used to back paper and digital money of today, however it remains an important part of monetary reserves internationally. This can be seen in the People's Bank of China's (PBOC) announcement of an increase in their gold reserves.
China's official reserves are now almost 1660 tonnes of gold. Analysts, including Bloomberg and ourselves, had been expecting a sharp jump to at least 2,000 tonnes and possibly as high as 3,000 or 4,000 tonnes.< ...
WASHINGTON (Reuters) - Lockheed Martin Corp said Monday it would buy Sikorsky Aircraft, the helicopter unit of United Technologies Corp , for $9 billion, and would review the possible sale or spinoff of $6 billion in other information technology and services businesses.
Two months ago, AdultFriendFinder was hacked, exposing fuck buddy friend-finding federal employees among its 3.5 million user 'exposure'. Today, as KrebsOnSecurity reports, large caches of data stolen from online cheating site AshleyMadison.com have been posted online by an individual or group that claims to have completely compromised the company's user databases, financial records and other proprietary information (including profiles with all the customers' secret sexual fantasies). The hacker group "The Impact Team" manifesto concludes, "too bad for those [37 million] men, they're cheating dirtbags and deserve no such discretion."
As KrebsOnSecurity reports, the still-unfolding leak could be quite damaging to some 37 million users of the hookup service, whose slogan is "Life is short. Have an affair."
The data released by the hacker or hackers — which go by the name The Impact Team — includes sensitive interna ...
Econintersect wants your comments,
data and opinion on the articles posted. You can also comment using Facebook directly using he comment block below.
Econintersect Live Market
Print this page or create a PDF file of this page
The growing use of ad blocking software is creating a shortfall in covering our fixed expenses. Please consider a donation to Econintersect to allow continuing output of quality and balanced financial and economic news and analysis.
Take a look at what is going on inside of Econintersect.com